Company G received $2,000 from a customer as an advance payment for services to be...
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Accounting
Company G received $ from a customer as an advance payment for services to be provided in the future. How does this transaction affect the company's balance sheet?
Options:
A Increase in Cash and Increase in Revenue
B Increase in Cash and Increase in Liabilities
C Increase in Cash and Decrease in Liabilities
D Increase in Cash and Increase in Equity
Answer & Explanation
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